What’s Driving the Demand in the Europe Cannabidiol (CBD) Market?

Executive Summery

This report presents a detailed overview of the Europe Cannabidiol (CBD) Market, highlighting key insights into its market size, share, and growth during the forecast period, i.e., 2023-28. It explores emerging trends, competitive dynamics, and the core drivers reshaping the industry. Backed by solid data and expert analysis, the study offers segment-wise insights and reliable forecasts to guide strategic decisions. With comprehensive market analysis and forward-looking perspectives, this report serves as a practical tool for stakeholders navigating change. Whether you're an investor, policymaker, or business leader, this research helps you stay ahead in the fast-evolving Europe Cannabidiol (CBD) industry landscape.

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Europe Cannabidiol (CBD) Market Statistics and Key Highlights

The Europe Cannabidiol (CBD) market is projected to grow at a CAGR of around 24.57% during the forecast period, i.e., 2023-28.

Europe Cannabidiol (CBD) market shows steady growth
Market size expanding due to rising industry demand
Competitive landscape driven by tech and innovation
Detailed segment-wise and geography wise share analysis
Forecast reveals strong trends shaping future outlook

Key Player- Emerging Europe Cannabidiol (CBD) Companies

Aurora Europe
uHemp
Sequoya
Endoca
CBD One Ltd.
Formula Swiss
Spectrums Europe
MH medical hemp GmbH
Green Brothers
Canopy Growth Corporation
Others

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Key Driver:

Burgeoning Investment in Research & Development Activities - The CBD market is quite competitive due to the presence of a large number of national & international companies initiating various research & development activities. Consequently, the growing research & development for the wide applications of CBD accelerated the growth of the market in recent years. To foster the growth of CBD, the government of countries such as Germany, France, etc., are investing heavily in research & development activities to make use of CBD for the development of new products in the field of cosmetics, medicine, pet food, etc., hence improving the market value. Moreover, pharmaceutical companies are developing cannabidiol-based medicines to treat Fragile X syndrome, gastrointestinal disorders, and neurological diseases such as epilepsy, schizophrenia, etc., while conducting several clinical trials. For instance:

In 2022, the Spanish pharmaceutical company Trichome Pharma announced that it had received approval from the Spanish Agency of Medicines and Medical Devices (AEMPS) to cultivate medicinal cannabis for research purposes.

Thus, rising research & development activities & the emerging wide applications of CBD products would support the growth of the Europe Cannabidiol (CBD) market in the upcoming years.

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Europe Cannabidiol (CBD) Market Segmentation

By Application

Medicinal Use
Beauty & Personal Care
Pets
Recreational

Beauty & Personal Care is expected to register a significant demand in the forecast years.

By Product Type

Edibles
Flower
Oil & Tinctures
Pills & Capsules
Topicals
Others (Vape, Spray, etc.)

By Distribution Channel

Regulated Dispensary
Stand-Alone Retailers
Department/Super Stores
Online Portals

By Country

The UK
Netherlands
France
Germany
Italy
Rest of Europe

The UK held a dominant share in the Europe Cannabidiol (CBD) market during the historical period, owing to the approval of cannabis for medical purposes, an increase in the number of startups that aimed at CBD-based products, and rising R&D investments towards exploring its applications, among others.

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